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supply and demand
01
the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
Example
The price of crude oil fluctuates based on supply and demand dynamics in the global market.
In a free market economy, prices are determined by supply and demand rather than government intervention.
This is a textbook instance of supply and demand at work in the economy.
Voorbeeld
The price of crude oil fluctuates based on supply and demand dynamics in the global market.
In a free market economy, prices are determined by supply and demand rather than government intervention.
This is a textbook instance of supply and demand at work in the economy.
Agricultural commodities such as wheat, corn, and soybeans are subject to fluctuations in price based on factors like weather conditions and supply and demand.
The inverse relationship between supply and demand often dictates market prices.
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